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Interim Report January ­‑ June 2016

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SBAB’s Interim Report for January – June 2016 is now available for download on www.sbab.se/IR. 

Financial highlights:

Second quarter of 2016 (first quarter of 2016)

  • Lending increased to a total of SEK 302.7 billion (299.4).
  • Deposits increased to a total of SEK 88.0 billion (81.2).
  • Operating profit increased to SEK 490 million (439), and to SEK 486 million (420) excluding net income/expense from financial instruments and restructuring costs.
  • Net interest income amounted to SEK 692 million (630).
  • Expenses totalled SEK 224 million (212).
  • Net loan losses amounted to a positive SEK 1 million (loss: 1).
  • Return on equity was 11.8% (11.2), and 11.7% (10.7) excluding net income/expense from financial instruments and restructuring costs.
  • The Common Equity Tier 1 capital ratio amounted to 28.4% (27.6).

January–June 2016 (January–June 2015)

  • Operating profit totalled SEK 929 million (712) and 906 (720) excluding net income/expense from financial instruments and restructuring costs.
  • Net interest income amounted to SEK 1,322 million (1,192).
  • Expenses totalled SEK 436 million (398).
  • Loan losses amounted to SEK 0 million (loss: 26).
  • Return on equity was 11.6% (10.1), and 11.3% (10.2) excluding net income/expense from financial instruments and restructuring costs.
  • The Common Equity Tier 1 capital ratio amounted to 28.4% (26.8).

For further information, please contact: 

Klas Danielsson, CEO
Telephone: +46 8-614 43 01, klas.danielsson@sbab.se 

Mikael Inglander, CFO SBAB
Telephone: +46 8-614 43 28, mikael.inglander@sbab.se 

SBAB’s business idea is to apply innovation and consideration to offer loans and savings products to private individuals, tenant-owner associations and property companies in Sweden. SBAB was founded in 1985 and is owned by the Swedish state. SBAB has about 350,000 customers and 450 employees. SBAB had Sweden’s most satisfied residential mortgage customers in 2014 and 2015, according to Svenskt Kvalitetsindex (SKI, Swedish Quality Index). Read more at sbab.se, twitter.com/sbabbank, facebook.com/sbabbank.

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